Mr. and Mrs. Rusbarsky purchased a residence on June 12, 2013, for $200,000. On March 12, 2016,

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Mr. and Mrs. Rusbarsky purchased a residence on June 12, 2013, for $200,000. On March 12, 2016, they sell the residence for $300,000, and selling expenses amount to $11,000. They purchase another house in a new subdivision for $275,000. Determine the gain realized and recognized.
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Federal Taxation 2017 Comprehensive

ISBN: 9780134421438

30th Edition

Authors: Thomas R. Pope, Timothy J. Rupert, Kenneth E. Anderson

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